, more manufacturing jobs in china and the obama administration's responding. is that a fair fight? is that a fair issue? >> guest: you know, china has to live up to its obligations under the world trade organization like anyone else, but, you know, here we in the mall, washington monument there, white house there, constitution avenue. when you see the chinese feeling what really is of value, it's hiding in plain sight, the declaration of independence and the bill of rights, then you should start to worry, but if they cheat here and there, they take the next thing we produce because we have that incredible foundation here of rule of law, protection of property, and a wonderful society that spins off innovation. >> host: michael, do you foresee china becoming the world's largest economy, and is that a bad thing? >> guest: it's not a bad thing for china to become the world's largest economy, and if things go well in china as they may or may not, that probably happens in the next decade or two, but bear in mind that china has so many people that the per capita income in china will sti
